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14 Aug 2013
USD/JPY tamed above 98.00
FXstreet.com (Chicago) - USD/JPY maintains 10-day peaks above 98.00 at closing of the American trading session.
Wall Street closed down with a Dow printing 0.73% losses followed by the Nasdaq down 0.41% and the S&P at -0.52%. In Japan, the Nikkei had closed at +1.32%.
Technically speaking, the pair maintains 10-day peaks to trade at 98.08 between supports at 98.00 (July 26th lows), 97.81 (June 26th lows) ahead of 97.51 (June 20th highs) and resistances at 98.45 (July 27th highs), 98.69 (June 21st highs) followed by 99.00 (July 16th lows). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.
Wall Street closed down with a Dow printing 0.73% losses followed by the Nasdaq down 0.41% and the S&P at -0.52%. In Japan, the Nikkei had closed at +1.32%.
Technically speaking, the pair maintains 10-day peaks to trade at 98.08 between supports at 98.00 (July 26th lows), 97.81 (June 26th lows) ahead of 97.51 (June 20th highs) and resistances at 98.45 (July 27th highs), 98.69 (June 21st highs) followed by 99.00 (July 16th lows). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.